NTPC should be a hold: Vinith Jain, Siddh Capital

Vinith Jain, director, Siddh Capital, in a chat with ET Now talks about NTPC.

NTPC has not done anything post that QIP as well, 200 is where it is trading at this point of time. Do you think it has got legs to move up slightly faster in the near term?

No, the stock has been trading in a very narrow range of 195 to 215 and a small dip to key support at 190 and it is back into that range. So one should be holding the stock, maybe 215 in the short term possible. One should keep a stop loss below that dip now. 190-187 would be a good stop loss.